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The Improbable Hero of Crypto World: A Look at Dogecoin’s (DOGE) Future in the Market

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Dogecoin
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From the moment when cryptocurrencies first appeared led by Bitcoin (BTC), there have been many altcoins which wanted a part of the glory. An innumerable amount of them failed and was pushed aside while the lucky few managed to carve their way through the crypto market. However, among those strong and powerful cryptos, there is also one that came to be as a joke but still manages to survive in the harsh crypto-environment.

What is Dogecoin (DOGE)

Dogecoin (DOGE) is one of the many, many cryptocurrencies that came to be since the crypto fever began. It was created back in 2013 by Jackson Palmer, and it has seen its fair share of ups and downs.

The interesting thing about this crypto is that it first came out as a joke, a response to a Doge meme that was popular back then. Even so, it managed to do something that some professionally designed altcoins did not – it survived.

There are multiple reasons why this particular crypto managed to live as long as it has. For example, it is very practical. It can be accessed through micro-wallets and faucets, and transactions are very cheap, especially when compared to other cryptos like Bitcoin. Besides being cheap, transactions are also very fast.

Another thing that makes this crypto popular is the fun atmosphere that surrounds it. It is a good way to enter the crypto world, and very easy and cheap to mine. This is an obvious advantage over other cryptos which require a lot of resources and even entire mining pools for a single coin.

There are many other reasons why this coin is still alive, including popularity in the east, particularly in China, its close proximity to Litecoin and Bitcoin, as well as great stability and distribution. However, one of its biggest advantages includes a pretty big, still alive and interested community.

Dogecoin still has supporters

As mentioned previously, the coin was present on the crypto market since 2013. This has given it five long years to establish its community, and the coin’s fun nature has done just that. There have been speculations whether its popularity owes its success to the fact that the coin is stable and practical, or if its connection to the online culture is to be blamed.

Whatever it is, Doge has done quite well for itself in terms of its supporters and enthusiasts. It still has a large presence on social networks to this day, and that includes Reddit, Twitter, Bitcoin Talk Forum, and GitHub.

Dogecoin’s coin supply is uncapped, and the coin doesn’t have a real limit. Despite the fact that it is one of Litecoin’s forks, it has a few more parameters that are making it different from LTC. One example is also its block time, which is 2 minute for Doge, and 2.5 minutes for Litecoin (LTC).

Thanks to its inflationary nature, however, this coin might not be the best choice for investors, since there is no guarantee for a return on the investment. Another con when it comes to Dogecoin is that it has become somewhat directionless since its creator left the crypto world. No real work has been done on this coin in a while, and even though some see it as a good thing and a perfect opportunity to buy coins before the updates catch up with it, there is still no guarantee that it will ever be updated.

This crypto has a lot of potentials, that much is not being questioned. However, it would need a strong leadership and some serious work in order for it to become great again. If it could manage to secure that, it might recover from the October’s shakedown which damaged it a lot. Not only that, but it might also rise to become one of the most popular currencies on the market.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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